The president of the New Caledonian government, Philippe Germain, has proposed talks to boost the government's stake in the mining company Societe Le Nickel or SLN to 51% of its capital.
New Caledonia's three provinces currently hold 34% of SLN and 4% of its parent company Eramet.
Photo: RNZ / Johnny Blades
Mining strategy is one of the main bones of contention between the parties that make up the territory's government.
Mr Germain says the government was working to create a mining fund for future generations along the lines of a sovereign wealth fund.
